Rio Tinto maintains momentum at Pilbara iron ore operations
(Posted on 18/10/23)
Rio Tinto has release third quarter production results. Chief Executive Jakob Stausholm said: “We delivered another quarter of progress and maintained momentum at our Pilbara iron ore operations. We continued to make good headway ramping up our Oyu Tolgoi high-grade underground copper mine, our Kitimat aluminium smelter returned to full production, and we safely restarted the smelter and refinery at Kennecott after completing the largest rebuild in its history. We have more to do as we work towards sustainable performance improvements across our business.
“We took real steps to build our portfolio of materials needed for the future, signing agreements that will see us take a leading position in recycled aluminium in North America and agreeing to enter a joint venture with Codelco to explore for copper in Chile. We also completed further infrastructure agreements with our partners for the world class Simandou iron ore project.
“We are making strong progress towards building the Rio Tinto of the future, striking a balance between disciplined performance in evolving market conditions, investing to generate valuable long-term growth and delivering attractive shareholder returns.”
Q3 2023 operational highlights and other key announcements include:
- All-injury frequency rate of 0.36 improved from the third quarter of 2022 (0.39), and was in line with the prior quarter (0.36). They continue to learn from process safety reviews completed in the third quarter following previously reported incidents at Rio Tinto Iron and Titanium (RTIT) Sorel-Tracy complex and Kennecott, and are planning to further enhance safety at these operations.
- Pilbara operations produced 83.5 million tonnes (100% basis) in the third quarter, 1% lower than the corresponding period of 2022. Shipments were 83.9 million tonnes (100% basis), 1% higher than the corresponding period of 2022. We continue to expect full year shipments in the upper half of the original 320 to 335 million tonne range.
- In early October, Rio Tinto hosted a site tour of its Pilbara operations for investors and analysts.
- Bauxite production of 13.9 million tonnes was 2% higher than the third quarter of 2022 as they achieved the initial benefits of stabilising operations, particularly at Weipa where equipment reliability and performance improved.
- Aluminium production of 0.8 million tonnes was 9% higher than the third quarter of 2022 as the returned to full capacity at its Kitimat smelter and completed cell recovery efforts at the Boyne smelter. All other smelters continued to demonstrate stable performance during the quarter.
Latest News
Rio Tinto reaches four billion tonnes of iron ore shipped to China
(Posted on 22/07/24)Rio Tinto has celebrates the shipment of four billion tonnes of iron ore from the Pilbara in Western... Read more
Africa’s opportunity to build sustainable logistics networks across mining sector
(Posted on 18/07/24)Capt. Pappu Sastry, CEO of Adhira Shipping and Logistics (ASL) has said that Africa’s mining sector... Read more
Conditions on Simandou iron ore investment now satisfied
(Posted on 16/07/24)All conditions have now been satisfied for Rio Tinto’s investment to develop the Simandou high... Read more
ADM offers segregated, traceable soybean meal to European customers
(Posted on 12/07/24)ADM, a global leader in innovative solutions from nature, has announced that it is offering fully verified... Read more
Rio Tinto to install carbon free aluminium smelting cells
(Posted on 04/07/24)Rio Tinto will install carbon free aluminium smelting cells at its Arvida smelter in Québec,... Read more
Moonbound appoints ASL for long-term South African lithium logistics project
(Posted on 28/06/24)Moonbound Mining Ltd. has appointed Adhira Shipping and Logistics (ASL) as its logistics contractor... Read more
ADM and Bayer collaboration help farmers achieve lower carbon emissions
(Posted on 19/06/24)ADM and Bayer have announced an extension of their collaboration, working with farmers in a bid... Read more
US House appropriations bill includes reinstatement of NASS reports
(Posted on 14/06/24)A House appropriations subcommittee in the USA has approved its Fiscal Year 2025 bill that includes... Read more
Rio Tinto to acquire Mitsubishi’s stake in Boyne aluminium smelter
(Posted on 14/06/24)Rio Tinto has agreed to acquire Mitsubishi Corporation’s 11.65% interest in Boyne Smelters Ltd... Read more
Richards Bay Minerals’ renewable energy agreement
(Posted on 07/06/24)Richards Bay Minerals (RBM) has signed a renewable power purchase agreement (PPA) with Khangela Emoyeni... Read more
